Rapid Fire May 13, 2013: Israel’s Budget Cuts Taking Shape

Rapid Fire May 13, 2013: Israel’s Budget Cuts Taking Shape

* After long negotiations between its ministry of finance and defense officials, Israel’s defense budget looks set to be reduced by 3 billion sheqels (about $830M) in 2014, with 1 NIS billion in reserves used to dampen cuts that were initially expected to be...